Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.152%

Price spread now: GRVT against Extended+0.015%72s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.255% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.015%, 7d avg +0.024%

Together, before fees−0.167%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	742.93	0	get 0.0000% / 1h	50m 19s	$549K	$1.6M	17x
Short	GRVT META_USDT_Perp	743.03	0	get 0.0000% / 8h	50m 19s	$12K	$485K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee GRVTbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.024%: −$0.99
Slippage, 4 orders: −$11.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$26.47
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; GRVT: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 3 min ago	0.14 bp	5.1 bp −$5	44.7 bp −$447	doesn't fit	doesn't fit
Sell GRVT live order book, 27 min ago	0.88 bp	7.9 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit

META on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	743.07	+0.020%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	742.86	−0.009%	$391K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.91	−0.002%	$459K	$536K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	742.93	long leg	$549K	$1.6M	17x
Binance METAUSDT	0.0000%	8h	743.07	+0.020%	$27.2M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.05	+0.017%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.17	+0.033%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.68	−0.033%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.00	+0.010%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	+0.006%	$2.3M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perpshort	0.0000%	8h	743.03	+0.015%	$12K	$485K	10x
SunX META-USDT	0.0000%	8h	742.80	−0.017%	$869	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.84	−0.011%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.90	−0.003%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.65	−0.037%	$2.0M	$7K	10x	as long as short
edgeX METAUSDC	+0.0022%	4h	742.87	−0.008%	$62K	$331K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.06	+0.018%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.37	+0.060%	$759K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.63	−0.040%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.47	+0.073%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.018%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.09	+0.022%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.05	+0.017%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.34	−0.079%	$782K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.95	+0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	743.52	+0.081%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.048%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.82	−0.014%	$1.6M	$376K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.77	−0.021%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.08	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.94	+0.002%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.03	+0.014%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.22	+0.040%	$33K	$105	20x	as long as short
Lighter META	+0.0168%	1h	743.33	+0.055%	$864K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0214%	1h	743.28	+0.048%	$67.5M	$122.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.026%	$169K	$46K	30x	as long as short